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...Performance evaluation and ratio analysis of Pharmaceutical Company in Bangladesh
Faruk Hossan Md Ahsan Habib
Supervisor: José Ferraz Nunes Examiner: Bengt Kjellén
Master‟s thesis in international Business 15 ECTS Department of Economic and Informatics University West Spring term 2010
0
ABSTRACT
The thesis applies performance evaluation of pharmaceutical company in Bangladesh. It means evaluate how well the company performs. The main aim is achieved through ratio analysis of two pharmaceutical (Beximco and Square pharmaceutical) companies in Bangladesh. The main data collection from the annual financial reports on Beximco and square pharmaceutical companies in 2007 to 2008.Different financial ratio are evaluated such liquidity ratios, asset management ratios, profitability ratios, market value ratios, debt management ratios and finally measure the best performance between two companies. The mathematical calculation was establish for ratio analysis between two companies from 2007-2008.It is most important factors for performance evaluation. The graphical analysis and comparisons are applies between two companies for measurement of all types of financial ratio analysis. Liquidity ratio is conveying the ability to repay short-term creditors and it total cash. It determines perform of short term creditor of both pharmaceutical companies under the three categories such as current ratio, quick ratio and cash ratio. Asset management ratio is measurement how to......

...Ratio Analysis
Jennifer Leigh Longworth
HCS/571
February 11, 2013
Shawishi T. Haynes
Ratio Analysis
Ratio analyses are used to examine the relationship between two numbers and interpret them on a financial statement. The analysis is done so the managers of a facility can help determine whether the organization needs to change any of their financial variables in order to remain competitive in their market. Comparison is the base of ratio analysis and to have the ratios related with each other. This gives the health care facility a reliable source of trends to the status of the facility over a period of time. The financial data for the paper is from the financial statements of the Sierra Vista Regional Heath Center located in Sierra Vista Arizona.
Ratio Analysis
Ratio analysis is the means of examining the relationship between two numbers. In the health care realm the fundamental means of the financial health of a company is by studying the relationships of key financial variables. The ratio analysis converts numbers into meaningful comparisons in which mangers can use to compare with facilities within the same market. The management team can also use the ratio analysis can use the trends to compare from years past to see how the facility is performing from year to year. Ratio analysis tends to show the strengths and weaknesses of a health care facility (Coulmont, Roy, & Dumas, 2013).
Common Size Ratios
Several common size ratios include; cash to total...

...as financial statement analysis. Several techniques are commonly used as part of financial statement analysis including horizontal analysis, which compares two or more years of financial data in both dollar and percentage form; vertical analysis or common size analysis, where each category of accounts on the balance sheet and income statement is shown as a percentage of the total account; a ratio analysis, which calculates statistical relationships between data; DuPont analysis, to understand what drives a company’s ROE; trend, regression analysis and so on. Following these techniques enable the analysts to take a clear view of the particular company about its performance, position in the market, credibility of information provided in the prospectus, weighing the risks and threats against its competencies and capabilities, forecasting its potentials and overall evaluation of the company as a whole from different dimension. Companies those are awaiting to enter into the public market are supposed to assume greater responsibilities in a sense that, they are going to inject more assets, coming closer to the reach of general investors side by side falling under stringent restrictions and surveillance. That is why; their financial statement should be analyzed carefully. As a part of our task, we have selected an upcoming IPO issuing company- Orion Pharma Limited (OPL), a renowned company in the Pharmaceuticals sector of Bangladesh, for the purpose of analysis of financial......

...RATIO ANALYSIS Meaning and definition of ratio analysis: Ratio analysis is a widely used tool of financial analysis. It is defined as the systematic use of ratio to interpret the financial statements so that the strength and weaknesses of a firm as well as its historical performance and current financial condition can be determined. The term ratio refers to the numerical or quantitative relationship between two variables. Significance or Importance of ratio analysis: • It helps in evaluating the firms performance: With the help of ratio analysis conclusion can be drawn regarding several aspects such as financial health, profitability and operational efficiency of the undertaking. Ratio points out the operating efficiency of the firm i.e. whether the management has utilized the firm’s assets correctly, to increase the investor’s wealth. It ensures a fair return to its owners and secures optimum utilization of firms assets • It helps in inter-firm comparison: Ratio analysis helps in inter-firm comparison by providing necessary data. An interfirm comparison indicates relative position.It provides the relevant data for the comparison of the performance of different departments. If comparison shows a variance, the possible reasons of variations may be identified and if results are negative, the action may be intiated immediately to bring them in line. • It simplifies financial statement: The information given in the basic financial statements serves no useful Purpose unless it s......

...Ratio Analysis – P7
Basic Ratios
The business can know its performance by calculating certain ratios. Ratio analysis is a
tool that business can use to know how it is doing. Ratios will help the business to make
a comparison with other businesses or within the same business for the previous years.
There are three types of ratios:
Solvency ratios: Helps to know the ability of a business to meet its expenses, liabilities
on time.
Examples: Current ratio, Acid-test ratio
Profitability ratios: Helps the business to know about the profitability.
Examples: Gross profit percentage, Net Profit percentage, Return on capital employed
Efficiency ratios: Helps to know how a business is efficient in terms of selling the goods,
collecting its debts, using fixed assets etc.
Examples: Stock turnover, Debtors collection period, creditors’ payment period
Page 1 of 4
Ratio Analysis – P7
Question: Using the below profit and loss account and the balance sheet of Khalida’
Fashions to calculate all types of ratios for 2012 and 2013.
Khalida’s Fashions LTd.
Profit and loss account
Sales
Less: cost of sales:
Opening stock
+ purchases
-Closing stock
Gross profit
Less: Expenses:
Rent and rates
Advertising
Wages
Administration
Insurance
Interests
Telephone
Accountancy fees
Legal fees
Bank charges
Depreciation
Repairs and maintenance
Heat and lights
Miscellaneous
Total Expenses
Net profit
2012
2013
150000......

...[pic]
(A Term Paper submitted as a partial requirement for the fulfilment of the course FB-507; Managerial Finance; in the Department of Banking, University of Dhaka)
Department of Banking
[pic]
Ratio Analysis & Trend Analysis
Submitted by
Muzahidur Reza Chowdhury
EMBA program, 18th batch
Department of banking
University of Dhaka
Department of Banking
[pic]
Letter of Transmittal
December 22, 2011
To
Md. Muzahidul Islam
Professor,
Department of Banking,
University of Dhaka.
Subject: Submission of the Term Paper for course No. FB- 507, Managerial Finance.
Dear Sir,
With due respect, We draw your kind attention to the fact that to prepare a Term Paper and submitting the same as an academic requirement of all the EMBA students of FB- 507, Managerial Finance, Fall Semester 2011. It is a pleasure for us to present our Term Paper before you on “Ratio & Trend Analysis of Grameenphone Ltd & Teletalk Bangladesh Limited”.
We have tried Our best in preparing this Term Paper and left no stone unturned to make the report a vivid and comprehensive one in spite of a number of limitations. We sincerely believe that it will serve the required purposes. We will always be obliged to furnish any clarification regarding this Term Paper, if required.
Your Sincerely
Muzahidur Reza Chowdhur
Batch-18th
CONTENTS
|Acknowledgement ...

...Application of Transmittal
May 10 , 2012
Course instructor
School of Business,
Southeast University
Subject: Letter of transmittal.
Dear Sir,
Please find enclosed with this letter the report of “Beximco Pharmaceuticals, Ltd” that you wanted as partial requirement for the course of “Course”. The name of my project is " Ratio Analysis of a company."
I collected all the relevant information and the annual report 2001, I go through from “Beximco Pharmaceuticals, Ltd.” I thing that is the report contains the information that you need to get an idea about the “Ratio Analysis”. If you need any clarification or any further information I would be happy to provide it to you.
Yours sincerely,
Md. Sakhawat Hossain
Acknowledgements
At first our thanks go to Mr. School of Business, Southeast University, Bangladesh For handing us this report which we found to be a rather interesting topic to work on. We are going to get help to many people in the context of preparing this report and some of the persons have been very helpful and cooperative with information and suggestions. In this regard we would like to thank Mr. C.H.Rahman is the managing director of the company who is the pioneer person in the country in the Pharmaceuticals sector and I have worked hard to prepare this report. So by this way I could finish the report properly and on time.
Introduction
Square Pharmaceuticals Ltd. is a renowned company in Bangladesh. It is a flagship company in the......

...Beximco Pharmaceuticals Ltd. (Ratio Analysis) 2009-2010
The overall purpose of financial statement analysis is to known a company’s performance to that of other in its industry. Financial ratio should be examined relative to the economy the companies industry, the companies’ main competitor and the companies past relative ratios.
The specific ratios can be divided into 4 categories, depending on the purpose of the analysis:
A. Profitability Ratios.
B. Asset Utilization Ratios.
C. Liquidity Ratios.
D. Debt Utilization Ratios.
E. Market Value Ratios.
A. Profitability Ratios
Net Income
(i) Profit Margin = ------------------- X 100
Sales
1051648808
In the year 2010, The Profit Margin = ------------------- X 100 = 16.20%
6490847353
624740307
In the year 2009, The Profit Margin = ------------------ X 100 = 12.83%
4868254915
Analysis : Here, 2010 Annual year profit margin is higher than 2009 Annual year indicating that 2009 Annual year sales are too low. According to debt ratio 2009 year has a great proportion of debt than the 2010 year & the times interest earned ratio shows the 2009 year interest payments on its debt are not covered as well as the rest of 2010 Annual year. This is one of the reason that 2009 annual year profit......

...Introduction
Financial ratios are useful indicators of a firm's performance and financial situation. Financial ratios can be used to analyze trends and to compare the firm's financials to those of other firms.Ratio analysis expresses the relationship among selected items of financial statement data. A ratio expresses the mathematical relationship between one quantity and another.
Objectives of the study
The study is designed to achieve the following objectives:
(i) To test the financial strengths and weaknesses of company.
(ii) To pinpoint the causes of poor financial performance and suggest some measures to overcome the problems.
Methodology of the study
Here we are using Ratio analysis method. For analysis of the primary financial statements, ratios can be used to evaluate liquidity, profitability and solvency.
Company Profile
Square Pharmaceuticals Ltd. is a renowned company in Bangladesh. It is a flagship company in the pharmaceutical industry which has reached this mountain of success by fighting many potential competitors like BEXIMCO Pharma, INCEPTA, ACME, RENETA, OPSONIN, SK+F, SANOFI-AVENTIS etc. It initially started as a Partnership in 1958. It was incorporated as a Private Ltd. Company in 1964 and converted into Public Limited Company in 1991. Its initial public offering started in Dhaka and Chittagong stock exchange simultaneously in 1995. Their mission is to produce and provide quality & innovative healthcare relief for people, maintain......

...A
SUMMER INTERNSHIP PROJECT (SIP) REPORT ON
RATIO ANALYSIS
UNDERTAKEN AT
KRISHAK BHARATI CO-OPERATIVE LIMITED
Submitted By:
SINDHUJA YADAV
(117040592015)
Guided By:
PROF. SNEHLATA PATNAIK
(Assistant Professor)
MBA PROGRAMME
(YEAR 2011-2013)
A SIP REPORT SUBMITTED TO GUJARAT TECHNOLOGICAL UNIVERSITY IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION [MBA]
BHAGAWAN MAHAVIR COLLEGE OF MANAGEMENT (MBA)
Sr.no.149, near ashirwad villa, new city light road,
Bharthana, vesu, surat-395007
Www.bmefcolleges.edu.in
PREFACE
Summer Training is an important and a fundamental part of Post Graduation curriculum. I had undergone a practical training under KRIBHCO, SURAT. It was a good exposure for me to undergo training in such a company to get the knowledge and experience. Summer training is one of the major experiencing components of the knowledge, gain of relevant information with respect to finance and dealing with situations in a professional course like Post Graduation where a professional person faces different problem.
Thus, I would say that this training was beneficial, educative & good exposure to me, which will certainly help in my near future. According to an old saying there is a huge difference between to say and to do. To take theoretical knowledge is important but it becomes more valuable when we apply it in the practice.
Under this study I have put in my best efforts to make this project......